Purchase of Motorcycle to Help Boost Expansion of Business

Entrepreneur

About Me

My names are john Kamotho i was born in 1980 august 27 single in my family .i joined D.E.B primary school in 1987 to 1996 .I was admitted in Tinganga sec school from 1997 to 1998 form two where i dropped out due to lack of school fees.two years after school i stayed home assisting my grand mother in farming .i then went a head looking for greener pasture in Gilgil town.i was employed in supermarket as a shop steward from 2001 to2007 . i saved from my salary 1000 Kenya shillings until i managed to buy myself a Forcin motorcycle that has been supporting me to date.am married with 3 children and we are doing fine

My Business

I own a motor cycle by the name Forcin 150 cc well maintained .in a day i make an average income of Kenya shillings 1000 if converted into monthly is 30,000. i fuel 300shillings in a day that makes 9000 shillings monthly .i buy new tyres once a year reason being roads in Gilgil town and its environ are well maintained this poses little or no damage to my bike. i use 400 shillings a day to cater for my basic needs and other necessities if converted to monthly this total up to 12000 shillings.there fore am left with 9000 shillings on this i save 4000 to expand my business and 5000 to cater for the education of my children . i love this job and i will work hard to achieve more.thank s in advance.

Loan Proposal

I have managed to save 75000 Kenya shillings that is enough to buy another bike from you funding i will be able to buy a new motor cycle and insure it with a comprehensive insurance .this will increase my income and create an employment to my cousin who is working as a laborer in Gilgil town .comprehensive will cost me 11000 Kenya shillings from your assistance i will manage it.i promise to repay your loan in full.Thank you.

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